New Delhi: Gold prices on the Multi Commodity Exchange (MCX) are trading flat on Thursday. On the Multi Commodity Exchange (MCX), the gold contract fell 0.07 per cent to close at Rs 48,266 on 10 grams at 9.05 pm on July 15. However, silver, another precious metal, gained momentum in the domestic market on Thursday. Silver futures for September rose by Rs 0.08 to Rs 69,468 per kg.
Gold prices remained stable in the global market on Thursday. Spot gold was trading higher by 0050 GMT at $1,824.81 an ounce, according to Reuters. US gold futures rose 0.1 per cent to $1,826.40 an ounce. US Federal Reserve Chairman Jerome Powell said the central bank would continue its liberal monetary policy despite the recent spike in inflation readings.
Talking about the domestic market, today gold rose with a slight increase of Rs 10 per 10 grams. As per the rates provided by Good Returns website, the price of 22 carat 10 gram gold is Rs 47,090 and 24 carat 10 gram gold is Rs 48,090. In the national capital, gold is priced at Rs 47,060 per 10 grams and 24 carat gold is Rs 51,260, while in Mumbai today 22 carat gold is priced at Rs 47,090 per 10 grams and 24 carat gold is priced at Rs 48,090 per 10 grams.